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Archive
- 5/11/2018
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iShares MSCI Canada Index |
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fifth consecutive positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.71 points, or 2.51%, and closed at 29.02 on Friday, May 11, 2018. It was the best weekly gain since February 16, 2018. Weekly volume was 30% above average.
 Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 30.60 on January 5, 2018. EWC gained -12.53 points, or -69.34%, in 102 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (31.12) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See EWC medium-term trend chart]
A medium-term downtrend had started on January 5, 2018 at 30.60 and reached 26.91 on April 4, 2018. EWC lost 3.69 points, or 12.06%, in 12 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (27.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWC may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See EWC short-term trend chart]
A short-term uptrend had started on April 25, 2018 at 27.69 and reached 29.08 on May 11, 2018. EWC gained -1.39 points, or -5.02%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 3, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See EWC candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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